Sponsored Content
Romania: Base Rate at Record Low
Politics ♦
Published: February 4, 2014; 18:19 ♦ (Vindobona)

Sponsored Content
Today, the Board of the National Bank of Romania has cut the base rate to 3.50 % from 3.75%. Since July, borrowing costs were cut by 175 bps. Economists think that there will be no further cuts.

The Board of the National Bank of Romania has decided to lower the monetary policy rate to 3.50 percent per annum from 3.75 percent previously. Hence, starting with 5 February 2014, the interest rate on the NBR’s lending facility (Lombard) will be lowered to an annual 6.50 percent from 6.75 percent, while its deposit facility rate will stand at 0.50 percent per annum. The NBR Board…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
EBRD: CESEE Not Under Pressure Yet (February 4, 2014)
Bucharest: Fitch Affirms Sovereign Debt Rating (February 3, 2014)
Czech Republic: Euro Not Before 2020 (February 3, 2014)
Tusk: No Monetary Interventions Necessary (February 3, 2014)
Romanian Real Estate: Trend Shows Downwards (January 20, 2014)
Sponsored Content
Read More
Featured